I'm new to all this. Is it best to save 10% of my salary all in my company's 401k (with 20% match, increasing by 5% every year)... or saving 5% in 401k and 5% in a Roth IRA?

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Always take the match. It is free money now. Personally always prefer to defer taxes now rather than pay now to avoid them later.

helpful

Start with the match.
Just getting started is a powerful first step! Nothing more powerful in investing than compounding interest and time.

Depending on what you can afford, Increase your contributions as your budget allows.
If you can max it out, its a good ideal. Taxable income decrease and your building your future.

Review and rebalance your portfolio as needed.

Play the long game and you will be in good shape.
There will be highs and lows. Avoid the fear / emotions during the down periods and don’t sell, power thru to better days.

helpful

Max out the match. Then save more elsewhere :)

helpful

That max is great!

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You’re right, I wasn’t reading that correctly. I’m used to 50%. But better than nothing.

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